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<br /> .;����L�� A��D O�TRUS'�' ._, ....�. ,. �
<br /> � This DEBIa UF TRUST is made this t9th day of June, 1995,by and among HENRY 1t.1tH�DA�Kd
<br /> I.ORE'ITA M.I3HODA, husb�tnd and wife, here3naRer referr�i to as "Tru�tops," whethar one or more.
<br /> whose mailing adc3ress ia Po�t Ot�lice Bo=536,C�ira,Nebr�lu 6�x4;THE STATE HANK OF CAIRt3, �
<br /> __ -_ - -� �¢b���ca �nntsEa� Ca�e�poRntton, hereinafter refened to as "Trastes," whuse mailing address is Bo: 4Zl�.
<br /> Caira, Nebr�aka 68524; aad THE STATE HANK QF CAlRO, a Ne6ratk� Bankfag Corporation, ` `
<br /> ,�� hereinafter referred to as "Beneficiary."whose mailing address is Bos.4Z�,C�iro,Nebrn�lu bs8?A.
<br /> For valuable consIderation, Trustors irrevocably grant, traasFer, comey and assign to Trustee,in trust,
<br /> � with power of sale,for the beneSt aad security of Beneficiary, under and subject to the tenas and coadidons of
<br /> ---___ --� thia Dccd af Trust,the following de�ribed real property located in AALL County,Nebraska:
<br /> 3 All of Lots 7 and 8 aad the South 10 feet of the East 52 feet of Lot 9 in Black 1 b,Original Town
<br /> -- of Cairo, I-IaU County,Nebraska;and 1-ots 9 and 10 in Block 17, Original Tov►►n of Cairo, Hall
<br /> -- County,Nebraska,
<br /> _.- --= together with all buildings,impravemeuts,fixtures, st�ts, alleys, Fassageways,e,asements,dghts,Pnvile8es and �--
<br /> vy_��=*=� appwtenances located thereon,and ell personal property that may be or hereafter become an integral parc of sueh
<br />�•-"�'� all crops�aised thereon, and all �vater rights, aU of which, including replacemer�ta
<br /> ��-���r�:� buildings and improvements,
<br /> . ��_ ---- and sdditions thereto,are hereby declared to be a part of the real estate comreyed in t�vst hereby,it bei�g agread _
<br />`-=u����`-� that all of the foregoing shall be hereinafter refened to as the"Property." - –
<br /> _�_�s
<br />-a.�;��'��'" FOR THE�URI'OSE OF SECURII�IG: -
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<br /> �ca.�r —
<br /> ",� "'" a. Payment of indebtedness evidenced by Trustors' nate of even date herewith in the principal sum of �
<br /> . .• �� ..
<br /> ,�ry_;or�,,,:,. -y� �14,t�0U.00,togeihGr wii,`�im�st ai the rat�Qr ratea �+mvided therein. and any and all renewals, modificadons .
<br /> h'�"°�' ;�� and extensions af such note,both priacipal and interest on the note being payable in accordance with the terms
<br />,."��`L;;;::,.��� ,� set farth therQin, which by this reference is hereby raade a part Me�'eof;
<br />�_��Y�w ` .. b. The perfarmance of each a�reement and cov�nant of Trustors herein contaiaed:and
<br /> �T. ,y
<br />>��. �� �-�-.� ," c. The payment of all sums advanced by Beneficiary under the terms of this Deed of Tnist, together with
<br />_'A�r. �..� . -
<br /> '-�'�'`�r7' interest thereon attherate provided in the note. �-
<br />-"•1,.,�-R�•::. ,� �,
<br /> -'r ���.•.�k;� '' d. The above arnount is secured even thou�h all or part of it may not yet be advance.Future advances under
<br /> `"�"""`!"�° '`' the age,ement are contemplated and wili be secured to the same extent as if made on the date this deed of trust is �,-_
<br /> -;..;������;�` ;. executed. ,;::
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<br />::__:__.;,�,,.J�,r ,� TO PROTECTTHE SECURiTY OF THL4 DEED OF TRUST.TRUSTORS HEREBY COVENANT AND AG . �-=
<br /> iv�ti� .^""�`.. `� -:r�
<br /> l. To pay�vhen due,the principal of,�►nd the interest on, ihe indebtedness evidenced by the note,charges,fces and all uther r_-
<br /> _ •.�41� sums as pmvided in the loan instnunents. .i
<br />- :. e..- -
<br /> 2. Tmstors are t he own e r s o f t h e p m p e ri Y a s►d b a v e t h e ri g h t a n d a u t h o ri t y t o execute this Deetl of Trust in respecc to thc .
<br />- _. . P�rtY• bcfore the same become ,'.
<br /> ..,*�� ''� 3. To pay. when due. all taxes. special as�essn►ents and ali other charges against the pmperty. ,
<br /> , '_':��'�•.�' - delingucnt. Trustors shall p�y all ta�ces and assessments which may be levied upon Beneticiary's interest herESin or upon this Deed of .
<br /> `� $ �,;,; •�` " 'frust or the debt se�v=ed hereby.witl►out regard to arry law that may be enacted imposing paymeat of the�vhole or aay part thereof
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<br />;=�,"':• � � '�' upon the BeneSaasy.
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<br /> 4. To keep the u►►prrn'ements now or hereaRer located on thc propeny insured against damage by tire and such other hazar s as
<br /> . � ''`:� '- the g�neficiary may require,in amounts and companies acccptable to the Ben�ciary.Such insurance poliry shall oontain a standard
<br /> � �, mortgage clause in favor of Beneficiary. Tnutor shall pmmpUy repair, maintain and replaoe thc propertY or anY Part t��f s°
<br /> � '`� � that,except for ordinary«'�►r and tear,the pmperty shall not deteriorate.
<br />- � '" 5. In the eveni the property,or miy part thereof,shall be talcen by eminent domain. the Beneficiary is entitled to collect aad
<br />` � receive all compensation which may be paid for any pmpetlY tf�icen ar for damages to propecty not taken,and the Heneficiary sball
<br /> " .. � apply such wmpetvation, at its option,either to a reduction of the indebtedness secured hcrcby.or to repair and restore the property ..
<br /> ��� ` so taken.
<br /> ' 6. The Bcneficiary may. but shall have no obligation to, do any act which Tmstors have agrced but failed to do. and the
<br /> • � Beneficlary may also do any act it dcemt neoessury to protect the lien hereof. Trustors agree to repsy.upon demand.any sums so �
<br /> � . � expended by the Beaeficiary for the abovc purpescs.and any sun►so expended shall be added to the indebtainess sea�red hereby and �
<br /> � � " beoome sccured by thc tien hereof. The Beaeficiary shall no incur any liubility bocause of anything it may do or omit to do
<br /> .,. —' _ - hereunder.
<br />� • � . ' 7. The Benefieiary shall t�ave the righ�po'+�aer And authociry during the contiauanee of this Deed of Tn�st to oollect the rents. �-
<br /> . � issues and pmflts of the PropertY and of nny personal pmperty located theman�vith or�vithout takic►g possession of thc pmperty ;
<br /> � • aBeatod hereb�.and Tmstors hereby absolutety and u�econdltionilly assign all such rents.issues and profits to the beneficiary. The ,
<br /> '" benefieiary.hm►�ever. hereby consents to Tcustors'collection and retention of such rents,issues and profits,so long as Tnutors are �
<br /> no�at such Eime. in defanit�vith ma�poct to paym$nt of any indebtedness secured hereby.or in the perfoiv►ance of�ny agrecment �
<br /> hereuader. If any event of default described hereufter in respect to this Deed of Trust shall have oaurre�and be continuing,the :
<br /> _ geneficiary,�s a rnatter of dght and�vithout notice to Tnistors or an�bne claiming wi�er Trustors.and�vithout re�.lyd to the vatue of ;
<br /> ' • � the tmst estate or the intemst of tt�Tcustors thtrein,shaU have the nght to appiy to uny court having jnrisdicaon to appoint a
<br /> - l� -- receiver of the property. i
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